Aave Adds Fixed-Rate Lending to Make Borrowing Costs More Predictable

Aave has added fixed-rate lending to its borrowing options, giving users a choice intended to make borrowing costs more predictable when lending rates fluctuate. Aave is a decentralized finance protocol that lets users borrow and lend cryptocurrencies. The rollout extends Aave Labs’ effort to develop fixed-rate borrowing products. Aave Labs brought Avon’s lending systems and onchain order-book technology into its fixed-rate borrowing initiative. Avon’s group was initially assigned to work on fixed-rate lending. Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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